It’s been some odd times the past 3 years, so as we enter 2023, the editors from GIE Media’s Manufacturing Group sit down for a roundtable to discuss the current market and what to expect in 2023 and beyond.
The global medical devices market was valued at $550 billion in 2021 and is expected to reach $850 billion by 2030, showing 5.5% compound annual growth rate during the forecast period. Learn what sectors will shine and which will hold steady.
Global automakers are projected to spend more than $515 billion by 2030 to develop and build electric vehicles (EVs). In the US alone, 13 carmakers have announced plans to spend more than $75 billion to open EV manufacturing plants in 6 states. By 2025, more than 100 EV models are expected to be on the market and available to U.S. customers. But there’s more to EV than cars and trucks – think drones, planes, bikes, and boats.
Aerospace manufacturing has rebounded, driven by passenger demand for air travel reaching pre-pandemic levels and airlines betting that demand will continue. Aircraft production has lagged, however, as the original equipment manufacturers scramble to overcome supply chain challenges and the ever-present skilled worker shortage. Should we expect a bumpy ride ahead or clear skies? Where can suppliers optimize to be more competitive? We’ll try to answer those questions and more during this industry outlook.
Latest from Today's Medical Developments
- #7 Manufacturing Matters: Smart Manufacturing with Advanced Machine Tools
- Sandvik acquires PMT Premier Machine Tools Limited
- Celera Motion’s Denali Series ultra-fast servo drives
- Datanomix, Hexagon: real-time factory analytics to industrial manufacturers worldwide
- Two spindle machining of a bone plate
- COVID-19 accelerates scientific advancements in other areas
- DMG MORI Manufacturing USA solar panel system update
- Webinar - What to know about automation